{"id":64206,"date":"2026-02-23T20:00:51","date_gmt":"2026-02-23T17:00:51","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=64206"},"modified":"2026-02-23T17:20:04","modified_gmt":"2026-02-23T14:20:04","slug":"what-is-novig","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-novig\/","title":{"rendered":"What is Novig?"},"content":{"rendered":"<p>Novig is a sports prediction and trading platform operating on a peer-to-peer (P2P) model, unlike traditional sports betting sites. In this system, users trade directly against each other, and there is no \u201chouse\u201d acting as the counterparty, as seen in classic betting platforms. This eliminates the bookmaker\u2019s margin from the odds, offering users a more transparent, competitive, and commission-free trading experience. Founded in 2021, Novig quickly became one of the standout players in the sports-focused prediction market. The platform combines sports betting with financial market principles, allowing users to either accept existing odds or set their own, creating a dynamic market. This structure positions Novig as a fairer, more user-friendly, and transparent alternative to traditional betting sites.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64207 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/1-3-300x204.jpg\" alt=\"\" width=\"815\" height=\"554\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/1-3-300x204.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/1-3-1024x696.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/1-3-768x522.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/1-3.jpg 1280w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-novig\/#How_Novig_Works\" title=\"How Novig Works\">How Novig Works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-novig\/#Novig_Economy_and_Currencies\" title=\"Novig Economy and Currencies\">Novig Economy and Currencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-novig\/#Novig_vs_Traditional_Betting_Sites_Key_Differences\" title=\"Novig vs. Traditional Betting Sites: Key Differences\">Novig vs. Traditional Betting Sites: Key Differences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-novig\/#Why_Choose_Novig\" title=\"Why Choose Novig?\">Why Choose Novig?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-novig\/#Founders_Leadership\" title=\"Founders &amp; Leadership:\">Founders &amp; Leadership:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Novig_Works\"><\/span>How Novig Works<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Novig\u2019s core system is based on an order-matching engine similar to financial exchanges. Users don\u2019t just place bets; they can act like market participants by setting odds and trading directly with other users. Users can either accept available odds or wait for other participants to match the odds they propose. This transforms the sports prediction experience from a traditional betting model into a dynamic, market-oriented system.<\/p>\n<p>Key operational principles:<\/p>\n<ul>\n<li>Users trade directly with each other; there is no \u201chouse\u201d model.<\/li>\n<li>The bookmaker\u2019s margin is removed from the odds, providing fairer and more transparent pricing.<\/li>\n<li>Orders are matched algorithmically, similar to financial markets.<\/li>\n<li>The platform generates revenue from liquidity providers and institutional participants, not from user losses.<\/li>\n<\/ul>\n<p>This setup removes conflicts of interest inherent in traditional betting platforms. Retail users pay no commissions, and liquidity is supported by institutional participants, creating a transparent and user-friendly sports trading ecosystem.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64208 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/22-300x135.jpg\" alt=\"\" width=\"1000\" height=\"450\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/22-300x135.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/22-1024x462.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/22-768x346.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/22.jpg 1280w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Novig_Economy_and_Currencies\"><\/span>Novig Economy and Currencies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The platform uses two types of virtual currency:<\/p>\n<ol>\n<li>Novig Coins: Free tokens for entertainment purposes, with no real-world value. Users can practice, test strategies, and engage in the sports prediction market risk-free.<\/li>\n<li>Novig Cash: Earned through successful predictions and platform activities, Novig Cash can be converted into fiat under certain conditions. Users can earn rewards without direct deposits, as the platform operates under a sweepstakes legal model.<\/li>\n<\/ol>\n<p>Novig is accessible in over 35 U.S. states, aiming to bring sports-focused prediction markets to a wide audience. This broad availability allows users to join the platform easily based on their location, extending the sports trading experience to a larger user base. A wider geographic reach also improves liquidity and user engagement, contributing to more competitive odds. Novig primarily focuses on major North American sports leagues: NFL, NBA, MLB, NHL, NCAA, UFC. Users can trade on point spreads, totals, handicaps, and player statistics markets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64209 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/44-1-300x180.jpg\" alt=\"\" width=\"933\" height=\"560\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/44-1-300x180.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/44-1-1024x614.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/44-1-768x460.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/44-1.jpg 1031w\" sizes=\"auto, (max-width: 933px) 100vw, 933px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Novig_vs_Traditional_Betting_Sites_Key_Differences\"><\/span>Novig vs. Traditional Betting Sites: Key Differences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Novig\u2019s P2P model distinguishes it from conventional sports betting sites. Users trade directly with each other, whereas traditional sites usually operate against the \u201chouse.\u201d Key benefits include:<\/p>\n<ul>\n<li>No house edge for retail users.<\/li>\n<li>No commission on trades.<\/li>\n<li>Users can set their own odds, creating a flexible and strategic trading experience.<\/li>\n<li>Odds are determined by market demand, offering fairer pricing.<\/li>\n<\/ul>\n<p>This structure transforms the platform from a passive betting system into a dynamic, market-driven trading environment. Users become active participants, setting prices and providing liquidity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64213 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/555-300x123.jpg\" alt=\"\" width=\"929\" height=\"381\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/555-300x123.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/555-1024x421.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/555-768x316.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/555.jpg 1259w\" sizes=\"auto, (max-width: 929px) 100vw, 929px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Choose_Novig\"><\/span>Why Choose Novig?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Smarter, Flexible Trading: Users can set their own odds, monitor markets in real-time, and enjoy unlimited earnings potential.<\/li>\n<li>No Winning Limits: Unlike traditional sites, winning accounts are not restricted.<\/li>\n<li>Transparency and Engagement: Clear data flow and daily rewards encourage active participation and a vibrant community.<\/li>\n<\/ul>\n<p>Novig raised $75 million in a Series B funding round led by Pantera Capital, bringing the company\u2019s valuation to $500 million. The new capital supports nationwide growth and regulatory compliance, including operations under the U.S. Commodity Futures Trading Commission (CFTC).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64211 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/6-300x120.jpg\" alt=\"\" width=\"976\" height=\"390\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/6-300x120.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/6-1024x410.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/6-768x307.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/6.jpg 1280w\" sizes=\"auto, (max-width: 976px) 100vw, 976px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Founders_Leadership\"><\/span>Founders &amp; Leadership:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Jacob Fortinsky: Co-founder and CEO, overseeing strategic vision, product development, and investor relations.<\/li>\n<li>Kelechi Ukah: Co-founder, leading technical infrastructure and product development.<\/li>\n<\/ul>\n<p>Novig\u2019s leadership combines sports betting expertise with financial market principles to build a transparent, user-focused prediction market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-64212 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/7-2-300x169.jpg\" alt=\"\" width=\"973\" height=\"548\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/7-2-300x169.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/7-2-1024x576.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/7-2-768x432.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/7-2.jpg 1280w\" sizes=\"auto, (max-width: 973px) 100vw, 973px\" \/><\/p>\n<p>Currently, Novig is available for users 21+ in 36 U.S. states and Washington D.C. The sweepstakes model allows flexible access compared to traditional sports betting apps, enabling broad participation and active engagement in sports prediction markets. With its P2P trading model, commission-free structure, and user-centric design, Novig competes as a modern alternative to platforms like Kalshi and Polymarket. Large investments, increasing user interest, and regulatory progress under CFTC highlight Novig\u2019s long-term growth strategy and positioning as a next-generation prediction market platform.<\/p>\n<p>Official Links:<\/p>\n<ul>\n<li>Website<\/li>\n<li>X (Twitter)<\/li>\n<\/ul>\n<p data-start=\"2539\" data-end=\"2631\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Telegram,<\/a>\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates instantly.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Novig is a sports prediction and trading platform operating on a peer-to-peer (P2P) model, unlike traditional sports betting sites. In this system, users trade directly against each other, and there is no \u201chouse\u201d acting as the counterparty, as seen in classic betting platforms. This eliminates the bookmaker\u2019s margin from the odds, offering users a more<\/p>\n","protected":false},"author":37,"featured_media":64214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[393,840,847,336,58,5760],"class_list":["post-64206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-review","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Novig?<\/title>\n<meta name=\"description\" content=\"Novig is a sports prediction and trading platform operating on a peer-to-peer (P2P) model, unlike traditional sports betting sites.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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